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Trader Dale - daily trading levels

  • #441
  • Oct 13, 2016 4:57am Oct 13, 2016 4:57am
Quoting Trader-Dale
Intraday levels for 13.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
Woukd you put rhe but limits at both level 1 and 2 today after the H1 engulfing candle down on UC today?
  • #442
  • Oct 13, 2016 5:04am Oct 13, 2016 5:04am
Hi Shimmering,

Dale does not enter trades with limit orders, but uses market orders as his levels are touched....... BUT, not blindly, he assesses what has gone before and takes heed of macro news events. I'd really suggest scanning back through this thread as there are only 23 pages - at the very least take a look at all Dales postings in the thread before trading at the levels. I'd say at the very most it would take an hour to do so and then you will be armed with all you need to know to make best use of Dale's generosity.

Not wishing to step in for Dale but I think it would be a wise move for you Shimmering.

Cheers ziggy
  • #443
  • Oct 13, 2016 5:12am Oct 13, 2016 5:12am
Quoting ziggy
Hi Shimmering, Dale does not enter trades with limit orders, but uses market orders as his levels are touched....... BUT, not blindly, he assesses what has gone before and takes heed of macro news events. I'd really suggest scanning back through this thread as there are only 23 pages - at the very least take a look at all Dales postings in the thread before trading at the levels. I'd say at the very most it would take an hour to do so and then you will be armed with all you need to know to make best use of Dale's generosity. Not wishing to step...
Thanks Ziggy I agree. No limits (I use limits only for swing trades).
  • #444
  • Oct 13, 2016 5:24am Oct 13, 2016 5:24am
[quote=ziggy;9195807]Hi Shimmering, Dale does not enter trades with limit orders, but uses market orders as his levels are touched....... BUT, not blindly, he assesses what has gone before and takes heed of macro news events. I'd really suggest scanning back through this thread as there are only 23 pages - at the very least take a look at all Dales postings in the thread before trading at the levels. I'd say at the very most it would take an hour to do so and then you will be armed with all you need to know to make best use of Dale's generosity. Not wishing to step in for Dale but I think it would be a wise move for you Shimmering. Cheers ziggy[/quote
Yes Ziggy, a good suggestion to read all posts. No m limit orders means having to watch market. I love limit orders
  • #445
  • Edited 7:03am Oct 13, 2016 5:57am | Edited 7:03am
Quoting Trader-Dale
Intraday levels for 13.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}

Hi All

it seems AUDUSD just now got new energy to come and see Trader-Dale meeting point @0.7667 for 10pips short
lets see how it will react

GL
imdi
EDITED
Got yeah!!!!
AUDUSD +9pips @0.7667, I closed early
thx Dale..................................!!!!


imdi
  • #446
  • Oct 13, 2016 6:30am Oct 13, 2016 6:30am
/quote Yes Ziggy, a good suggestion to read all posts. No m limit orders means having to watch market. I love limit orders[/quote]

not really, you can set up alarms a few pips before the level, when the alarm sounds you can go to the charts. Although I am at the screen most of the day trading my own stuff that is what I do with Dales levels. When the alarm goes I switch to the appropriate chart, and switch to a 1 min timeframe so I can see the micro action, and then hit the market order when I feel it's a good moment to do so.

I agree that limit orders are the easiest way, but if you do that and walk away from the screen you give up all control - for small amounts that's ok but if you want to be serious about trading for an income from intra day trading a more hands on approach makes sense. Personally if I get mighty close to my PT I most definitely won't be taking a loss on the trade
  • #447
  • Oct 13, 2016 6:44am Oct 13, 2016 6:44am
+10 pips profit on 2nd usd/cad trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 39 KB
  • #448
  • Oct 13, 2016 6:48am Oct 13, 2016 6:48am
Quoting Trader-Dale
{quote} I took the usd/jpy. It turned 6 tics before and I don't consider this a proper "test" so ok to take it. When it was +9 pips I moved my SL to secure the position. Wise move it seems. Usd/cad turned 3 pips before and made 25 pips reaction. This Iconsider a proper test. I didn't trade it anymore.
Dale, Please explain ' proper test" or not, .
  • #449
  • Oct 13, 2016 6:52am Oct 13, 2016 6:52am
Quoting Trader-Dale
+10 pips profit on 2nd usd/cad trade. {image}
...and AUD triggered thnx!
Member
  • #450
  • Oct 13, 2016 7:05am Oct 13, 2016 7:05am
EURUSD..... we saw the 1,1040, now looks retraceing a little...

I believe the entrie was 2 pips too short... I cancel the sell limit with entry 1.1042
You can manage risk, but you can't manage the return
  • #451
  • Oct 13, 2016 7:13am Oct 13, 2016 7:13am
Quoting TudorIoan
{quote} ...and AUD triggered thnx!
...and 10+ AUD, thnx
Member
  • #452
  • Oct 13, 2016 7:17am Oct 13, 2016 7:17am
Shall we cancel that EUR/USD short, Dale? (compliments HappyMe)
Member
  • #453
  • Oct 13, 2016 7:21am Oct 13, 2016 7:21am
Quoting imdisaait
{quote} Hi All it seems AUDUSD just now got new energy to come and see Trader-Dale meeting point @0.7667 for 10pips short lets see how it will react GL imdi EDITED Got yeah!!!! AUDUSD +9pips @0.7667, I closed early thx Dale..................................!!!! imdi
i closed at 9 pips too. Seems look strong resistance at 75567.

dam.. would have hit 10 pips. should have hold onto it. hahaa
  • #454
  • Oct 13, 2016 7:22am Oct 13, 2016 7:22am
+10pips AUDUSD. Thank you, Dale.
  • #455
  • Oct 13, 2016 7:24am Oct 13, 2016 7:24am
Quoting TudorIoan
{quote} ...and AUD triggered thnx!
and closed +10 Thanks Dale, will not be taking EU now if it sets up, was 2 pips shy and has "done" 10 now
  • #456
  • Oct 13, 2016 7:28am Oct 13, 2016 7:28am
+10 pips AUDUSD. Big thanks Dale
  • #457
  • Oct 13, 2016 7:28am Oct 13, 2016 7:28am
aud/usd +10 pips profit
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 37 KB
  • #458
  • Oct 13, 2016 7:30am Oct 13, 2016 7:30am
AUDUSD +10, reacted at the level very well, should give some time to learn more about Market Profile
  • #459
  • Oct 13, 2016 7:30am Oct 13, 2016 7:30am
eur/usd 1.1042 cancelled.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 39 KB
  • #460
  • Oct 13, 2016 7:31am Oct 13, 2016 7:31am
Quoting TudorIoan
Shall we cancel that EUR/USD short, Dale? (compliments HappyMe)
Thanks for the compliments TudorIoan....but I do not deserve them at the moment.... . Last days where not the best ones for me

Anyway it's me, "HappyMe"
You can manage risk, but you can't manage the return
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